SG Americas Securities LLC Has $6.08 Million Stock Position in CoreCivic, Inc. $CXW

SG Americas Securities LLC lowered its stake in CoreCivic, Inc. (NYSE:CXW) by 41.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 321,616 shares of the real estate investment trust’s stock after selling 231,772 shares during the quarter. SG Americas Securities LLC owned approximately 0.33% of CoreCivic worth $6,082,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Aristides Capital LLC acquired a new position in shares of CoreCivic in the fourth quarter worth about $207,000. Hahn Capital Management LLC acquired a new stake in shares of CoreCivic during the fourth quarter valued at approximately $4,612,000. River Road Asset Management LLC lifted its position in shares of CoreCivic by 3.3% in the 4th quarter. River Road Asset Management LLC now owns 8,978,240 shares of the real estate investment trust’s stock valued at $171,574,000 after acquiring an additional 287,108 shares in the last quarter. Invesco Ltd. boosted its stake in CoreCivic by 45.3% in the 4th quarter. Invesco Ltd. now owns 1,162,854 shares of the real estate investment trust’s stock worth $22,222,000 after purchasing an additional 362,451 shares during the period. Finally, XTX Topco Ltd acquired a new position in CoreCivic in the 4th quarter worth approximately $5,508,000. Institutional investors and hedge funds own 85.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CXW shares. Northland Securities set a $40.00 target price on CoreCivic in a report on Friday. Benchmark lifted their price target on CoreCivic from $28.00 to $36.00 and gave the company a “buy” rating in a report on Friday. Wall Street Zen lowered CoreCivic from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings downgraded CoreCivic from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 16th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, CoreCivic currently has an average rating of “Moderate Buy” and a consensus target price of $35.33.

CoreCivic Price Performance

Shares of CXW opened at $30.79 on Monday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.44 and a current ratio of 2.44. The firm has a market cap of $3.05 billion, a PE ratio of 25.03 and a beta of 0.67. The firm’s 50 day moving average price is $23.08 and its 200 day moving average price is $20.47. CoreCivic, Inc. has a twelve month low of $15.73 and a twelve month high of $30.95.

CoreCivic (NYSE:CXW) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.16). The business had revenue of $614.73 million during the quarter, compared to the consensus estimate of $604.48 million. CoreCivic had a return on equity of 9.29% and a net margin of 5.53%.The business’s revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 earnings per share. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS. As a group, research analysts expect that CoreCivic, Inc. will post 2.66 EPS for the current fiscal year.

CoreCivic Profile

CoreCivic, Inc (NYSE: CXW) is a real estate investment trust specializing in the ownership, management and operation of private correctional and detention facilities in the United States. The company enters into contracts with federal, state and local government agencies to house inmates and detainees in facilities that it owns or operates on a concession basis. In addition to traditional prison operations, CoreCivic provides specialized services such as community-based reentry programs, electronic monitoring and rehabilitation initiatives aimed at reducing recidivism.

CoreCivic’s portfolio encompasses a mix of adult correctional facilities, immigration detention centers, residential reentry centers and other community-based programs.